Altima Net Receivables vs Non Current Liabilities Total Analysis

ARH Stock  CAD 0.16  0.02  14.29%   
Altima Resources financial indicator trend analysis is way more than just evaluating Altima Resources prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Altima Resources is a good investment. Please check the relationship between Altima Resources Net Receivables and its Non Current Liabilities Total accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Altima Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Net Receivables vs Non Current Liabilities Total

Net Receivables vs Non Current Liabilities Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Altima Resources Net Receivables account and Non Current Liabilities Total. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Altima Resources' Net Receivables and Non Current Liabilities Total is -0.24. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Non Current Liabilities Total in the same time period over historical financial statements of Altima Resources, assuming nothing else is changed. The correlation between historical values of Altima Resources' Net Receivables and Non Current Liabilities Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Receivables of Altima Resources are associated (or correlated) with its Non Current Liabilities Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Total has no effect on the direction of Net Receivables i.e., Altima Resources' Net Receivables and Non Current Liabilities Total go up and down completely randomly.

Correlation Coefficient

-0.24
Relationship DirectionNegative 
Relationship StrengthInsignificant

Net Receivables

Non Current Liabilities Total

Most indicators from Altima Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Altima Resources current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Altima Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Selling General Administrative is likely to climb to about 516.6 K in 2024, whereas Issuance Of Capital Stock is likely to drop 0.00 in 2024.
 2020 2022 2023 2024 (projected)
Total Operating Expenses1.9M4.9M4.4M4.7M
Cost Of Revenue2.2M3.5M4.0M4.2M

Altima Resources fundamental ratios Correlations

-0.310.94-0.360.950.94-0.40.40.20.720.950.43-0.080.740.830.74-0.381.00.46-0.03-0.29-0.34-0.02-0.540.160.31
-0.31-0.560.65-0.55-0.550.810.39-0.25-0.72-0.120.040.87-0.010.1-0.210.53-0.34-0.430.68-0.040.60.690.54-0.28-0.6
0.94-0.56-0.621.01.0-0.640.280.310.80.850.46-0.380.630.680.74-0.530.940.58-0.32-0.18-0.6-0.33-0.680.310.56
-0.360.65-0.62-0.58-0.610.880.04-0.51-0.52-0.27-0.60.77-0.34-0.06-0.630.78-0.36-0.580.78-0.250.970.810.85-0.61-0.87
0.95-0.551.0-0.581.0-0.60.30.290.80.870.43-0.340.640.710.73-0.50.950.55-0.28-0.2-0.55-0.29-0.660.290.51
0.94-0.551.0-0.611.0-0.620.280.320.80.850.45-0.360.640.690.74-0.510.940.57-0.29-0.17-0.58-0.3-0.690.310.55
-0.40.81-0.640.88-0.6-0.620.19-0.46-0.61-0.26-0.40.88-0.350.0-0.580.73-0.42-0.530.82-0.20.860.80.86-0.3-0.79
0.40.390.280.040.30.280.190.03-0.270.590.330.270.220.80.180.010.360.120.11-0.160.040.11-0.04-0.01-0.06
0.2-0.250.31-0.510.290.32-0.460.030.260.130.08-0.330.070.030.22-0.390.160.83-0.230.86-0.48-0.19-0.510.220.37
0.72-0.720.8-0.520.80.8-0.61-0.270.260.510.15-0.390.530.240.61-0.430.740.49-0.24-0.14-0.47-0.25-0.550.250.44
0.95-0.120.85-0.270.870.85-0.260.590.130.510.470.060.690.920.66-0.270.930.30.0-0.31-0.240.03-0.430.10.16
0.430.040.46-0.60.430.45-0.40.330.080.150.47-0.120.710.40.8-0.670.430.17-0.27-0.15-0.63-0.29-0.670.590.56
-0.080.87-0.380.77-0.34-0.360.880.27-0.33-0.390.06-0.120.10.24-0.170.59-0.1-0.420.9-0.230.770.910.59-0.29-0.74
0.74-0.010.63-0.340.640.64-0.350.220.070.530.690.710.10.530.94-0.410.750.190.0-0.31-0.340.06-0.60.140.26
0.830.10.68-0.060.710.690.00.80.030.240.920.40.240.530.46-0.160.80.260.2-0.34-0.030.2-0.270.080.05
0.74-0.210.74-0.630.730.74-0.580.180.220.610.660.8-0.170.940.46-0.580.740.36-0.25-0.18-0.62-0.23-0.780.320.53
-0.380.53-0.530.78-0.5-0.510.730.01-0.39-0.43-0.27-0.670.59-0.41-0.16-0.58-0.39-0.510.51-0.160.770.530.84-0.72-0.71
1.0-0.340.94-0.360.950.94-0.420.360.160.740.930.43-0.10.750.80.74-0.390.42-0.05-0.34-0.34-0.04-0.550.160.31
0.46-0.430.58-0.580.550.57-0.530.120.830.490.30.17-0.420.190.260.36-0.510.42-0.170.58-0.56-0.26-0.640.330.63
-0.030.68-0.320.78-0.28-0.290.820.11-0.23-0.240.0-0.270.90.00.2-0.250.51-0.05-0.17-0.140.770.940.54-0.25-0.6
-0.29-0.04-0.18-0.25-0.2-0.17-0.2-0.160.86-0.14-0.31-0.15-0.23-0.31-0.34-0.18-0.16-0.340.58-0.14-0.24-0.11-0.20.10.17
-0.340.6-0.60.97-0.55-0.580.860.04-0.48-0.47-0.24-0.630.77-0.34-0.03-0.620.77-0.34-0.560.77-0.240.80.8-0.63-0.89
-0.020.69-0.330.81-0.29-0.30.80.11-0.19-0.250.03-0.290.910.060.2-0.230.53-0.04-0.260.94-0.110.80.54-0.33-0.73
-0.540.54-0.680.85-0.66-0.690.86-0.04-0.51-0.55-0.43-0.670.59-0.6-0.27-0.780.84-0.55-0.640.54-0.20.80.54-0.42-0.78
0.16-0.280.31-0.610.290.31-0.3-0.010.220.250.10.59-0.290.140.080.32-0.720.160.33-0.250.1-0.63-0.33-0.420.57
0.31-0.60.56-0.870.510.55-0.79-0.060.370.440.160.56-0.740.260.050.53-0.710.310.63-0.60.17-0.89-0.73-0.780.57
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Altima Resources Account Relationship Matchups

Altima Resources fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets6.4M5.6M5.1M6.4M5.8M7.6M
Total Current Liabilities7.4M8.4M10.2M12.0M13.8M8.4M
Total Stockholder Equity(3.7M)(8.5M)(8.0M)(9.8M)(8.8M)(8.4M)
Other Liab218.4K2.1M2.4M2.9M3.3M3.5M
Net Tangible Assets(3.5M)(3.7M)(5.1M)(8.0M)(7.2M)(6.8M)
Retained Earnings(34.7M)(36.1M)(39.7M)(41.8M)(37.6M)(39.5M)
Accounts Payable4.6M5.5M5.6M6.6M7.6M3.9M
Cash69.9K139.2K69.8K242.4K218.2K132.4K
Net Receivables25.9K474.8K241.3K643.8K579.4K483.7K
Total Liab10.1M14.1M13.1M16.3M18.7M10.8M
Short Long Term Debt913.5K2.1M2.0M2.0M1.8M2.5M
Total Current Assets880.6K1.2M582.9K1.1M966.2K756.4K
Property Plant Equipment2.05.5M5.3M4.6M4.1M6.9M
Other Current Liab648.8K42.5K1.7M(1.0)(0.9)(0.85)
Non Current Assets Total5.5M4.8M4.6M5.4M6.2M3.6M
Non Current Liabilities Total2.7M4.4M2.9M4.3M4.9M5.1M
Net Debt1.5M1.9M2.0M1.8M2.1M1.6M
Net Invested Capital(2.2M)(6.4M)(5.9M)(7.8M)(7.0M)(7.3M)
Net Working Capital(6.5M)(8.9M)(9.6M)(10.9M)(9.9M)(10.3M)
Property Plant And Equipment Net5.5M4.8M4.6M4.9M5.7M4.4M
Property Plant And Equipment Gross7.1M7.0M7.0M8.0M9.2M6.7M

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